Replies to post #93602 on Argentum 47 Inc (ARGQ)

[Ricosauve]

They aren’t buying the contents of the funds, just control of them....they get a 1% to 1.5% maintenance fee paid by the investors to them yearly....kind of how mutual fund and 401k maintenance fees are administered...

So 200 ml in assets will generate at least 2ml in revenues....that won’t be pure profit....but...I’m fairly certain all costs included they would probably net a 500k profit yearly altogether from them...